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J
Jen the Founder
January 9, 2023
Question

Business Loans

  • January 9, 2023
  • 1 reply
  • 0 views

I’m new to QuickBooks, so please have grace for me and my silly question. 🙂

 

I gave a loan to the nonprofit I lead. When creating a rule, I’m forced to select a payee and categorize as a customer, vendor, or employee. Since the nonprofit is the recipient, should I just create one with the nonprofit name? If so, which of the three categories does it fall into?

 

Thank you!

1 reply

AlcaeusF
AlcaeusF
January 9, 2023

Hello there, Jen.

 

I'm here to share information about creating a rule in QuickBooks Online (QBO).

 

Are you referring to a bank rule? If so, then yes. You can create either a customer (donor) or a vendor and use the nonprofit name.

 

To add a customer (donor), here's how:

 

  1. In QBO, go to the Get paid & pay or Sales menu at the left pane.
  2. Select Customers or Donors tab.
  3. Click New customer.
  4. In the Customer display name field, enter the nonprofit name.
  5. Enter the other necessary information in the desired fields.
  6. Hit Save.

 

To add a vendor:

 

  1. Go to Get paid & pay or Expenses, then select Vendors.
  2. Select New vendor.
  3. Complete the fields in the Vendor Information window.
  4. Click Save.

 

Once done, you can now proceed with creating a bank rule. You can also refer to this article for further guidance: Set up bank rules to categorize online banking transactions in QuickBooks Online.

 

For more tips and other resources you can use in the future, I recommend visiting our website: Self-help articles.

 

Please leave a comment below if you have more questions about this or anything else QuickBooks. I'm more than happy to answer them. Keep safe.

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